Amicus Therapeutics: 3Q Earnings Snapshot
CRANBURY, N.J. (AP) _ Amicus Therapeutics Inc. (FOLD) on Monday reported a loss of $61.8 million in its third quarter.
On a per-share basis, the Cranbury, New Jersey-based company said it had a loss of 24 cents.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 32 cents per share.
The pharmaceutical company posted revenue of $48.8 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $48.1 million.
Amicus Therapeutics expects full-year revenue in the range of $170 million to $180 million.
Amicus Therapeutics shares have decreased almost 7% since the beginning of the year. The stock has dropped 16% in the last 12 months.